CNG-PNG prices are likely to rise by 10 to 11 per cent in October

The government will review natural gas prices

According to a report, the price of natural gas is expected to rise to 3. 3.15 on October 1, 2021.

Mumbai: The plight of the people who are being crushed by inflation may increase. The price of CNG and PNG is expected to rise by 10 to 11 per cent next month. According to a report by brokerage firm ICICI Securities, gas prices set by the government will rise by around 76 per cent, which will also affect CNG and PNG prices.

The central government reviews natural gas prices every six months and this time the new price will be announced on October 1, 2021. The price of natural gas is currently ડો 1.79 per million British thermal units (MMBTU), which is expected to rise to 3. 3.15 per unit on October 1, 2021. These new rates of natural gas will be effective till March 31, 2022.

The government follows the prices of countries exploring natural gas to set prices. In addition, it could cost કંપની 7.4 per mmbtu for private companies involved in natural gas drilling. CNG - PNG, cooking gas is used in vehicle, cooking and industrial units.

Urban gas distribution companies can increase fuel prices by 10 to 11 percent. It may be mentioned here that the recent sharp rise in petrol, diesel and cooking gas prices has hit the common man hard. Now, the price hike of CNG and PNG will be considered as a dam on Dazya.